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buttershakes | 8 years ago

I think this is just the tip of the iceberg for Bitcoin. Time will tell if I am right or wrong. If we think of it as simply a currency, or a store of value we can place limits on its value based on what we know about gold, fiat currency, etc. We can extrapolate and come up with a valuation that we think is appropriate. However, its not just any of those things. It's a paradigm shift in digital ownership of value, and could potentially be a record of and a secure digital token for a huge variety of physical goods, virtual services, etc. Whether this happens is largely dependent on scale, but we will leave that argument for another thread since the troll army will show up. Bitcoin is something entirely new in the history of value transfer and ownership, stop trying to compare it directly with the systems that will be eclipsed by it.

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